The value of Bitcoin has risen by over 28% since its low on April 7, marking a strong recovery that has shifted market sentiment in favor of bulls. The leading cryptocurrency is now stabilizing above the $90,000 mark, a key psychological and technical area indicating a return of momentum in favor of buyers. However, risks remain, as a critical breakthrough above $100,000 is required to confirm the continuation of the full bullish trend and break new record levels.
Despite ongoing macroeconomic uncertainty and global trade tensions, Bitcoin appears to be showing resilience. Analysts are closely monitoring whether the current structure will hold, especially as volatility continues to rise.
Supporting the bullish outlook, recent data from CryptoQuant reveals a notable trend: after weeks of market slowdown and correction, a new wave of fresh capital is flowing into the market. This renewed influx of funds indicates increased investor confidence and could bolster the next wave of upward movement.
If this wave of accumulation continues, it could lay the foundation for a broader bullish trend - a trend that may push Bitcoin above $100,000 and into unknown territory.
■ Bitcoin is building momentum amid uncertainty
Bitcoin appears to have finally broken its short-term correlation with U.S. stocks. While the stock market stalled last week under the pressure of mixed earnings and increasing macroeconomic concerns, Bitcoin surged, gaining strong upward momentum. This divergence may indicate the beginning of a new trend, with Bitcoin and the cryptocurrency market generally leading high-risk assets to higher levels. However, both traders and investors remain cautious, with macroeconomic risks continuing, especially those surrounding the escalating trade conflict between the U.S. and China.